Inflation & Prices
Bolivia Inflation Soars to 34-Year High Ahead of August Election
Demonstrators gather on a main avenue during a drivers' union protest against fuel shortages in La Paz, Bolivia, on June 4.
Photographer: Marcelo Perez del Carpio/BloombergA crippling dollar shortage, fuel scarcity and mass unrest pushed Bolivia’s inflation rate to its fastest in more than three decades ahead of the nation’s general election.
Consumer prices rose 24% in June from a year earlier, the National Statistics Institute said Wednesday. That’s a big shock in a country that as recently as two years ago had slower inflation than Germany and Japan.